EUR/USD at 52 week high
Asia-Pacific stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs
EUR/GBP: main trend is still bearish
Information is not investment advice
The main trend is still bearish. The last low has been broken, but there's a 'V-Bottom' pattern, which has been confirmed. Meanwhile, it's likely that the market is going to reach the previously tested support at 0.8483 - 0.8471 once again. The subsequent pullback from this area could be a starting point for an upward price movement in the direction of the nearest important resistance at 0.8616 and the 34 Moving Average.
Sergey Logachev
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EUR/USD at 52 week high
Asia-Pacific stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs
USD bulls try to resist
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.
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